Monday, May 29, 2023

Reef is really excited to start a new $10 Million Accelerator Program! Reef Labs will be managing this program and they’re hoping to help grow Web3 projects based in the Middle East that are built on Reef Chain. This program encourages developers, teams, and projects from the Middle East to apply to get funding, mentoring, and resources.

Technology in the Middle East is growing and making progress. Reef has reacted to this progress by winning an award called “Best Ecosystem” at the Middle-East Blockchain Awards. This award shows how much growth there is happening in the MENA region.

The Accelerator Program wants to help Reef become the most used blockchain in the Middle East and North Africa. If your idea is chosen, you can get money from their partners along with help with mentoring, marketing, and business development from Reef Labs. This program also lets you show your idea and all of your accomplishments to other people who work in Web3 technologies and like blockchain.

We’re Ready for Web3

We are making preparations to start using Web3 technology, which will bring great changes and help us progress.

There are Blockchain networks in the Middle East and North Africa (MENA) that are helping people use a new kind of internet, known as Web3. Reef is very useful for building these kinds of networks because it can handle lots of transactions quickly and cheaply, plus it’s easy to modify and upgrade. It also doesn’t cost much for developers to get started using Reef, so it’s one of the best options out there!

Denko Mancheski, CEO of Reef, said that they are kicking off the Reef Accelerator Program to attract innovative minds from the Web3.0 industry. The team at Reef have been working with Web3 developers from the Middle East and have seen a lot of talent. Through Reef Labs, they will pick projects from that region , help them reach their full potential and link them with projects like NFTs, DeFi, Metaverse and GameFi that are already part of the Reef network. This new program is also meant to boost Web3 technology in the Middle East and establish Reef as a leader there in terms of blockchain technology.

Reef Chain is hoping to become the best blockchain solution for web2 businesses that want to join the web3 world in the MENA area. Reef has set aside $10 million of their total $20 million to help developers transition into a more innovative and successful future. To join this program, click on to sign up today.

Reef is a special type of blockchain designed to make web-based activities simpler and more accessible for the next billion users. Reef offers faster transactions, fewer costs, and a secure way to keep your data safe. It’s particularly well suited to the future needs of NFTs (Non Fungible Tokens), DeFi (Decentralised Finance) and gaming applications. In one simple package, Reef lets you enjoy all the advantages of new technology while also providing stability and security that older methods can provide.

You can get news and updates from Reef if you follow us on our socials! Check out the links right here: our website at, Twitter @Reef_Chain, Discord channel, Telegram, Instagram, and Reddit /r/ReefDeFi/. See you there!

This is an official statement. If you are thinking of doing anything with the company or its affiliates, make sure you have done your research first. is not responsible for any harm that happens due to using services or products from the company. The pictures used in this press release are from Shutterstock, Pixabay and Wiki Commons.

Tags: Reef Labs


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Related Posts

Leave a Comment

Follow us


CrypTokenTop is a website dedicated to providing comprehensive information and analysis about the world of cryptocurrencies. We cover topics such as Bitcoin, Ethereum, NFTs, ICOs, and other popular crypto topics. Our mission is to help people learn more about the crypto space and make informed decisions about their investments. We provide in-depth articles, analysis, and reviews for beginners and experienced users alike, so everyone can make the most out of the ever-evolving world of cryptocurrency.

© 2023 All Right Reserved. CryptokenTop